Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Shorted: Short Interest Up 1,948.9% in October

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,893 shares, an increase of 1,948.9% from the October 15th total of 190 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 4,626 shares, the days-to-cover ratio is presently 0.8 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.5%

NASDAQ PSCU opened at $62.76 on Wednesday. Invesco S&P SmallCap Utilities & Communication Services ETF has a twelve month low of $55.93 and a twelve month high of $66.85. The firm has a market capitalization of $17.57 million, a PE ratio of 13.79 and a beta of 0.76. The stock’s 50 day moving average is $61.45 and its 200 day moving average is $62.48.

Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.1381 per share. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. This represents a $0.55 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

An institutional investor recently bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned approximately 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF at the end of the most recent reporting period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.